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mlawson71 replied Dec 9, 2016To be honest I am less concerned about large movements - that is, apart from the volatility surrounding news events - than I am about losing my internet connection. It can happen once a year and still cause problems.
Trading without stop-losses
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mlawson71 replied Dec 8, 2016The International Financial Services Commission (IFSC) of Belize issued a warning that forex broker Floral Investment Ltd. is not incorporated or licensed in Belize as a forex brokerage, as it claims. The company presents on its website a ...
Show me a scam broker
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mlawson71 replied Dec 8, 2016I agree. One of the biggest reasons why people develop anxiety is the fear of the unknown. "What am I going to do if this or that happens?" is a questions that we often ask ourselves. Actually having a plan about different outcomes helps immensely ...
How to better control our emotions?
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mlawson71 replied Dec 7, 2016On the other hand a poorly placed stop loss can make it even riskier. It can be a bit of a double-edged knife.
Trading without stop-losses
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mlawson71 replied Dec 7, 2016Wait, you can do that? On MT4? Because that's what I trade on. What exactly do you type? 2H?
which time frames to use
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mlawson71 replied Dec 6, 2016My platform doesn't have a 2H time frame, so I make to with the 4H, 1H and 30M ones, sometimes even the 15M one. Is the 2H one reliable?
which time frames to use
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mlawson71 replied Dec 6, 2016The problem is that once you peek the urge to intervene if things aren't going exactly my way is also there. I do control that urge better than the one to peek though.
How to better control our emotions?
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CySEC bans trading bonuses, sets max default leverage to 1:50
Started Dec 5, 2016|Recycle Bin|18 replies
The Cyprus Securities and Exchange Commission (CySEC) has issued a circular to the Cyprus ...
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mlawson71 replied Dec 5, 2016I wish I had the emotional fortitude not to do that. I always have the urge to peek.
How to better control our emotions?
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mlawson71 replied Dec 3, 2016That is a simple question with a not-so-simple answer. There are a lot of books, tutorials, articles, etc. written in an attempt to answer said question. My advice is simply to start reading and then trying to apply what you've read in practice.
When to know what to trade
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mlawson71 replied Dec 3, 2016I absolutely agree. Sometimes the more one focuses on the details, the more they don't notice a crucial detail or a flaw because everything appears the same to them.
How to better control our emotions?
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mlawson71 replied Dec 2, 2016I haven't found an EA yet that I find completely trustworthy, so I prefer manual trading, regardless of how hard it is.
Is trading really that hard?
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mlawson71 replied Dec 2, 2016True. In my opinion rethinking one's strategy also requires pulling away from the platform for a little bit though. Getting a fresher perspective is really important.
How to better control our emotions?
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mlawson71 replied Dec 1, 2016One can learn to put their emotions under control. I would even say that actual trading can help you learn to do that. However, if you feel that the stress is truly getting to you it is, indeed, a good idea to step back from the platform for a bit.
How to better control our emotions?
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mlawson71 replied Dec 1, 2016The UK Financial Conduct Authority (FCA) issued two separate warnings against unauthorized forex brokers Rhodium Forex and its affiliate WR Trade and forex and binary option broker Algo Capitals, the last one of which is a clone of a FCA authorized ...
Show me a scam broker
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mlawson71 replied Dec 1, 2016I think that trading remains a hard thing to do regardless of how much knowledge and skills one has. Those two things, however, together with experience, can definitely make it less stressful.
Is trading really that hard?
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mlawson71 replied Nov 30, 2016I agree completely. Always be prepared for the worst while hoping for the best.
Trading without stop-losses
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mlawson71 replied Nov 30, 2016I agree. It's not a good idea to be constantly on edge and constantly anxious about one's positions. I think it's best to be calm, I don't know whether relaxed is the right word for it.
Rules of Successful trader
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mlawson71 replied Nov 29, 2016I am sorry that happened. It's important to always read the fine print of the contract when you start working with a new broker.
where do i begin?
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mlawson71 replied Nov 29, 2016Greed and fear, I would say. Those are the two main emotions that drive most traders.
How to better control our emotions?